San Diego, CA -- (SBWire) -- 09/10/2021 --An investigation on behalf of investors of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) shares over potential securities laws violations by D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) concerning whether a series of statements by D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Turkey based D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi d/b/a Hepsiburada (HEPS) operates an e-commerce platform. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported that its annual Total Revenuerose from over $2.6 billion in 2019 to over $6.37 billion in 2020, and that its Net Loss increased from $131.64 million to $474.51 million over those respective time frame.
On or about July 1, 2021, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) completed its initial public offering ("IPO"), selling approximately 57 million American Depositary Shares ("ADSs" or "shares") for $12.00 per share.
On August 26, 2021, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) announced its second quarter 2021 financial results, reporting that revenue grew 5.2%. The Company also reported "lower gross contribution driven primarily by investments to fortify our position in electronics, investments to penetrate in high frequency categories as well as higher customer demand for low margin products."
Since the IPO shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) declined to as low as $8.56 per share on August 27, 2021.
Those who purchased shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ: HEPS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
D-MARKET Elektronik Hizmetler Ve Ticaret Anonim Sirketi (NASDAQ:HEPS) Investor Alert: Investigation over Possible Violations of Securities Laws
An investigation for investors in D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NASDAQ:HEPS) shares over potential securities laws violations was announced and NASDAQ:HEPS stockholders should contact the Shareholders Foundation.